What is Virtual Money?

[UCHCHILD]

Virtual money where there is no physical appearance, it was digital currency where you need to have internet to have a transactions. You don't need to carry it physically, since it is digital, all you need to do is had a mobile and password to do a transaction.

Yes a virtual currency is not like an ordinary currencies is not like any other currencies is build for the next generation of money for easy use so you can easily access with easy way in a quick and safety way .

Virtual money could become really important, which are the main product and players in the market today and what are their main characteristics, risks and advantage.

[owenzy]

virtual money is an unregulated digital currency that is issued and controlled by its developer and it is also used and accepted by members of a paticular virtual community.

[rokergila01]

a virtual currency that can be used to transact online, which is clearly not like the physical currency issued by a bank and not the currency of a country. The shape of this currency is just a file like common files. The file is an encryption of the codes that make it not equal to each other.

the virtual money like to bitcoin will make effect on business to virutal money.the digital currency of world market related to virtual money system.the bitcoin relating to virtual wallets of sign to transactio[Suspicious link removed]oviding know as bitcoin market virtual currencies to systematically process.the digital money which issued and useually accepting of virtual community

If I think the virtual money is Bitcoin. where the entire system is based on chain block or blockchain. So starting from the issuance, the way transactions and records are all recorded in the blockchain decentralization network. So everyone can run this block chain server.

[satecream]

i also questioning about that too
but willing to understand the concept about real money is make me undersatand, but the different is virtual money not have a real thing, is sutainable in network, but money is like barter people must deal with if that have an exchange value

[ArnoldChippy]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Cryptocurrency is a good example of virtual currency and since credit cards are widely used today so online stores are also creating a payment method where you can use your cryptocurrency to pay bills and purchase any items online if they will allow it.

Bitcoin coin and all its altcoins are virtual currencies, virtual currencies are not in physical form but we can only use it online for different purposes, it is just in numeric and do not have any physical body. It is a new concept which is becoming popular in moder time from time to time, people now like to use virtual currencies instead of fiat currencies.

[fortuneteller]

Understanding what virtual is should really give us an idea what virtual money is. As far as i know virtual is something that does not physically exists, or intangible in nature. Therefore virtual money is made
For the purpose of purchasing items in virtual world. Moneys on online games are examples of virtual money like zenny, bellies, golds and etc. Used in purchasing equipments to make your character strong. Yeah it does have value but it depends on the popularity of the game. Some players bought virtual moneys in exchange of cash to be strong in their respective games. Just like money in real world, moneys in virtual world are being monitored as to prevent the economy from going down. It maybe similar in cryptocurrency as to they are both intangible. They still differ from how they were made and the purpose of creating such.

[Duzter]

From what I understood from different sources virtual money is something which we can see it, but it is impossible to feel it placing in our hands or with some physical touch. Now there are virtual coins available same as our fiat carrying the qr code of the respective wallet.

[weblouartisan]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual currency is the plan of jak ma who created alibaba and he wants to live a cashless country. There is a huge chance in the future that it will be implemented on the entire world because the price of bitcoins today in the market is continuously growing.

[TiffanyLien23]

The virtual money has similarity with other currencies. It can be used for transactions and more, but the difference is virtual money is often also called digital money, and bitcoin is one of the virtual money or digital currency that is famous today so that now bitcoin become one of the digital currencies or the king of all cryptocurrency that are in great demand by the public in this world who has the most investors who invest on it.

[19nataliya12]

What is virtual money
Virtual money is called conventional units, which are represented as records in different electronic systems. All transactions usually occur using the power of the Internet, but sometimes you can dispose of electronic money using a mobile phone. Each user can exchange electronic money for cashless or cash at any time. This service also involves opening your own electronic account in a few minutes and absolutely free.
No one will say exactly when the electronic money appeared! This happened unnoticed, as there was a need to pay for services without leaving home. And, undoubtedly, in the near future, electronic money will acquire a single world-wide character.
Payment for services with virtual money is a bit like a method of calculating a regular check, but you do not need to sign by ink, but with an electronic code and a password. This method of payment is very convenient, since virtual money is instantly transferred to anywhere in the world, and almost all financial transactions can be made without contacting the bank. The relevant software controls the correctness of the transaction and pays for the purchase within a few seconds.

[Vinodam]

virtual money is a digital representation of value . it is use and accepted by members of a virtual circle.  this virtual money can be used to make physical purchase like cars, Grocercies and it can also be used to value local currencies

[ross09]

theres a lot of definition of virtual currency or what we called virtual money.. some says it is a unseen currency but can legally be used in payment method some says it is future currency etc. and yes every opinion and own definition and understanding are all true. virtual currency is unregulated digital money BUT still not the same as a digital money itself. because virtual currency is controlled by its  developer and not by the government while digital money is what we all have in our bank ( by using our debit and credit acct.our money becomes digital and paypal as well is considereds as digital money as we all know that ofcourse.) so that is why virtual money most of the time people think that it is illegal and can be easily used by criminals because it is not under government not even release in central bank..but still people whp knows what virtual money is.. still using this as a LEGAL payment method.

[9jaflick]

Virtual Money can be as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority and Cryptocurrency is a typical example.

[kolinko]

Virtual money is money that can not be grasped. It has no specific physical shape and is used in an electronic environment. Virtual money is usually used to make payments, made services through the internet (with user and password). This method is extremely convenient for the growing economy as today, used by many people. I am confident that this virtual currency will grow more and more because of its popularity and convenience.

[bigvito19]

This is the reason why I said newbies shouldn't be able to create posts.

[stephylarde]

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.

[megalith07]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Fiat and virtual money are same in some aspects and it is upon trust who doesn't have confidence in virtual nearness can't utilize virtual money. Something else is that fiat is upheld by commodities though virtual money is totally subject to technology which makes it not quite the same as normal fiat.

[Sandijoee]

Virtual is defined as having no basis of physical reality. This virtual currency has
born and defined since 2012. Virtual money is almost the same as regular banknotes. But virtual money is invisible but has value, so it can only transact using the internet network. 

[Ayaancool]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual money means it is a currency which does not have the physical appearance and which exists in digital form and transacted only through the internet connections.And bitcoin and all other cryptocurrencies are in this virtual form.And one more thing, because of thus virtual nature crypto doesn't have any stability on its value(which always fluctuates its value as per the crypto market demand).

[beej]

Virtual money is almost the same as ordinary paper dollars. But they are in digital form. So much more convenient, because you do not have to wear large sums with you.

Virtual money is commonly and easily identifiable as a representation of fiat in digital form. With modern technology
and the internet, online transactions are much more faster and convenient. It's a growing trend and since were all
hooked to screens, phones and portable devices. Crypto and digital money is just an extension that complements the
technology and rising trend. It's now a universal standard in online and digital transactions and investments. It's money's
innovative contribution or response to the evolving digital age and movement.